SEBI check to protect investors to be implemented from October
SEBI is making UPI payments made by investors to entities registered with it more secure. From now on, it will come up with a special tool called ‘SEBI Check’ for these payments. With this, investors can verify whether the entity they are making payments to is a genuine entity registered with SEBI or a bogus entity by scanning the UPI ID of the entity they are making payments to, by entering the QR code or the UPI ID of that entity, and then make payments. SEBI Chairman Tuhin Kanta said that this payment mechanism will be implemented from October 1 this year.
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